941 South AveWestfieldNJ07090
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Total monthly income runs $3,660/mo, and a $5,873/mo payment. Purchase price stands at $1,200,000, and rental yield measures 3.66% with $3,660/mo rent. Return on cash invested shows 5.27% in year one, and 5% annual appreciation builds toward $331,538 over five years. Five-year ROI reaches 25.49% and total cumulative return in cash records $99,095. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,660/mo property income covering a $5,873/mo payment rather than investor’s personal income.
Multi Family
Built in 1948
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07090, Westfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,991 (100%) |
| Owner Occupied HU | 8,618 (78.4%) |
| Renter Occupied HU | 1,912 (17.4%) |
| Vacant Housing Units | 461 ( 4.2%) |
| Median Home Value | $930,018 |
| Average Home Value | $1,034,058 |
Housing Distribution
Address Breakdown
Residential
11,017
Single Family
10,057
Multi-Family
960
Businesses
823
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Listed by: Paul Nilsen • Weichert Realtors
Mls Name: GSMLS
Mls ID: #4003837